How long can a society “FREE FALL” before it hits bottom? Under the leadership of President Obama, America and its citizens have endured one long and continuous recession. What started under President George W. Bush as a minor pull back in economic growth, has become “ BEAT DOWN AMERICA” under Obama.
When Obama began his first term, unemployment stood just over 7 %. Four years later and 6 trillion dollars spent in stimulus, America is over 13 trillion in debt and still has an admitted unemployment rate of over 7%. Simply put, Obama blew 6 trillion dollars and produced nothing of any positive value for America.
Now nearing the end of 2012, Americans are facing massive tax increases due to Obama Care and the end of the Bush Tax Cuts. This is generally referred to as “THE FISICAL CLIFF”, BUT IS IT A CLIFF OR RELITY?
Under Democrat leadership, the federal government has operated without a declared and voted on budget for three years. That is, no budget has been approved under Obama in the last three years, but he and his fellow Progressives, have continued to spend money like sailors on shore leave and refuses to be held accountable. Now it appears everyone in D. C. wants to scream for compromise because we are about to go over the fiscal cliff, which would eliminate the Bush Tax Cuts. But, it's too late to scream.
A glance into the rear view mirror of American prosperity would indicate we flewoff the financial and fiscal cliff under former President Bill Clinton when the Democrat Party and the Liberal Establishment attacked Micro Soft resulting in the bursting of the “Tech Bubble” and their related stocks. Millions of people, individuals, lost billions of dollars and Americas advantage in technology innovations went to places like China and numerous other foreign countries.
It is a known fact among those outside of the beltway of D.C., if the ability to profit from your inventions and creations are removed, so is the desire to create. Also, if one's profits are taxed beyond reason, a willingness to be profitable is also taxed. So, by increasing regulations, taxes and killing incentives, and increasing favor for imports, the “FISCAL CLIFF” was crossed and no one stated the obvious; America is headed down.
This is what occurred under Bill Clinton, but Obama has to face the slings and arrows of what was done under the leadership of a different President. However, Obama's actions and attitude has made the rate of decent much steeper, faster and revealed “America's Blissful Ignorance”.
This joyous lack of knowledge can be seen in the lack of information presented by the news media systems concerning who owns America's money. Do not confuse this question with, who owns Americas debt. The American Dollar is owned, printed, distributed inflated and deflated by The Federal Reserve. However, The Federal Reserve is not owned by the Federal Government or the American people, but is owned by elitist banks, banking families and individuals in different parts of the world. It is a privately held organization and company that does not answer to anyone but themselves. This is the number one reason America has already gone over the “FISCAL Cliff” - they wanted us to.
Before blaming Obama for the upcoming disaster, we should first lay blame at the doorstep of the Federal Reserve, then at the feet of every Progressives and finally on the shoulders of the average citizen for not paying attention to the wolves in the hen house. We the people are to blame for our problems, however the correction of our mistakes will be much more complicated and costly.